Cement News tagged under: Bangladesh
MI Cement sees 33% revenue rise in FY17-1817 December 2018, Published under Cement NewsBangladesh's MI Cement Factory reported a 33 per cent rise in revenue in FY17-18, compared to the previous financial year, supported by new capacity and market expansion. The company's total revenue reached BDT12.56bn (US$150m) in FY17-18, up from BDT9.44bn in the previous financial year. However, MI Cement's net profit fell by more than 52 per cent YoY to BDT315.6m on the back of rising administrative costs of selling and distribution. "The cost of goods sold (COGS) has increased by 39.... |
Cement exports from Bangladesh fall in 5MFY18-1907 December 2018, Published under Cement NewsDuring the first five months of FY18-19 (July-Nov 2018), Bangladesh's cement industry recorded a -2.8 per cent contraction in export revenue to US$4.92m compared to US$5.06m, earned in the same months last year, according to the Bangladesh Export Promotion Bureau. The export figure also includes a minor amount of salt, stone and related products. Bangladesh's government has set an export target of US$14m for cement industry for the FY18-19 (July 2018-June 2018), against US$12.59m from last... |
LafargeHolcim Bangladesh amalgamates subsidiary06 December 2018, Published under Cement NewsLafargeHolcim Bangladesh Ltd (LHBL) informed Dhaka Stock Exchange on 2 December that the Board of Directors has decided to amalgamate of the company with its subsidiary Holcim Cement (Bangladesh) Ltd (HCBL). The amalgamation is subject to requisite approval of the banks and other creditors to the company, approval of the shareholders and finally, sanction of the Honourable High Court Division of the Supreme Court of Bangladesh. LHBL has acquired 100 per cent shares of HCBL for a conside... |
Saudi Engineering Dimensions interested in Bangladesh cement sector23 November 2018, Published under Cement NewsSaudi company Engineering Dimensions has expressed an interest to set up a modern cement factory in the Chhatak upazila of Sunamganj district, Bangladesh, according to New Nation. During a meeting with Secretary-in-Charge of the Industries Ministry, M Abdul Halim, Engineering Dimensions President, Mohammed N Hijji, said Bangladesh’s huge population, domestic demand and skilled workforce have created an opportunity to attract foreign investors such as Saudi Arabia. |
Confidence Cement to install slag dryer, close Line 131 October 2018, Published under Cement NewsBangladesh-based Confidence Cement will install a new slag dryer at its cement plant in Sitakunda to ensure uninterrupted production of the existing Lines 2 and 3. In addition, the company has decided to shut down Line 1, citing high maintenance costs and electricity costs at the 600tpd line. |
CMA meets with government Commerce and Industry advisor29 October 2018, Published under Cement NewsDuring a meeting on 27 October, Pakistan's Cement Industries Association (CMA) has informed the the country's Advisor to the Prime Minister on Textile, Commerce, Industry, Production and Investment, Abdul Razak Dawood, that Pakistani companies are exporting clinker by sea to Bangladesh, where clinker demand and prices have risen. "It's a good breathing space for Pakistani cement manufacturers to export our surplus clinker to Bangladesh and other parts of the world," said the CMA> Abdul R... |
Bangladesh cement exports rise July-Sept17 October 2018, Published under Cement NewsBangladesh's cement industry recorded export revenue of US$3.17m during July-Sept 2018 compared to US$2.72m of the corresponding year-ago period, according to the Bangladesh Export Promotion Bureau. This is an increase of 16.54 per cent YoY. The export figure also includes a minor amount of salt, stone and related products. Bangladesh’s government has set an export target of US$14m for cement industry for the financial year 2018-19 (June-July), against US$12.59m from last fiscal year. T... |
Bangladesh exports fall 11% YoY in July-Aug 201828 September 2018, Published under Cement NewsBangladesh's cement industry recorded an export revenue of US$1.85m during July-Aug 2018 compared to US$2.07m of the corresponding year-ago period, according to the Bangladesh Export Promotion Bureau. This equates to a fall of 10.6 per cent YoY in exports. The export figure also includes a minor amount of salt, stone and related products. Currently, the country is reportedly exporting cement to India, Myanmar, Nepal, Maldives and Sri Lanka. |
Clinker shipment capsizes in Bay of Bengal10 September 2018, Published under Cement NewsA light vessel carrying 1500t of clinker capsized near Bhasanchar if Noakhali in the Bay of Bengal on 9 September. All 13 members of the MV Sheikh Parvin were rescued, said Mohammed Selim, deputy director of Bangladesh Inland Water Transport Authority, based in Chittagong. The vessel had been bound for Narayanganh and strong currents led to the clinker shipment colliding with another vessel, called the Basundhara-27, that had already run aground. There are several grinding units located i... |
Shah Cement wins 'Superbrands' award05 September 2018, Published under Cement NewsShah Cement Industries Ltd of Bangladesh has won the 'Superbrands award 2018', in a award recipient's ceremony of Superbrands Bangladesh for 2018-20, held at Radisson Blu Dhaka Water Garden on 1 September. The company said, "leadership in Bangladesh cement market for over a decade, consistent product quality and superior service for customer confidence has taken Shah Cement to a new height." After winning the 'Best Brand Award' in cement category on every occasion, Shah Cement is the re... |